1/03/2012 The Daily Report
Greetings!

As we welcome in 2012 it seems the bull is back in gold and silver. A lower dollar, higher oil, issues in the EU and a little saber rattling have been sited as the fundamentals behind this move.  
 
I see it as a conclusion to the correction and a completion of the ABC correction we have been in.If in fact this correction has come to an end we can look for an extended rally (Major fifth wave). 
 
this could be the start of a really strong upside move. In any case it seems at least for now that the lion has returned.

As always wishing you good trading,

 


 
Executive Producer
The Gold Forecast 

gary@thegoldforecast.com 

On Skype Gary.S. Wagner 


 

 

       Video Links 

 

Gold

 Subscribers

Log-in

 

 


MARKET FORECAST

Gary S. Wagner


In today's video we will look at the Elliot wave count and Japanese heinken charts for both gold and silver.

   

   

GOLD  

 

  

 SILVER  

 

Copyright (c) 2011 Wagner Financial Group 

Proper Action
In both gold and silver you should have entered long positions today. 
Gold  long at 1575 - 1580,
silver at 28.20

 
 
Before deciding to participate in Gold or Silver investments, you should carefully  consider your investment objectives, level of experience and risk appetite. Most importantly with futures activity do not invest money you cannot afford to lose.There is considerable exposure to risk in any futures exchange transaction, including, but not limited to, leverage,and market volatility that may substantially affect the price of  gold and /or silver. Moreover, the leveraged nature of futures trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you.